IBM's Stock Soars on Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to advancements in quantum computing.
According to a soon-to-be-published IBM paper, the company has made significant progress in quantum error correction using an AMD chip.
IBM's Quantum Efforts
IBM is known for its diverse range of technologies, but its quantum efforts have been gaining increasing attention.
- Shares of International Business Machines Co. are having their best day since January.
- IBM announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company has developed an algorithm to enable error correction, which can run on AMD chips.
IBM aims to build "the world's first large-scale, fault-tolerant quantum computer" by 2029.
Author's summary: IBM's stock rises on quantum progress.
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